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Budget News

  • This week, Cabinet may consider Budget on February 1

    This week, Cabinet may consider Budget on February 1  

    Having decided to advance the Budget presentation by a month, the government took the line that it should not be presented in the middle of Assembly poll in Uttar Pradesh, Punjab, Uttarakhand, Goa and Manipur.

    18 Oct 2016, 4.12 pm  |  Source: PTI

  • Govt keen 2017-18 Budget should not clash with polls: Jaitley

    Govt keen 2017-18 Budget should not clash with polls: Jaitley  

    The Cabinet on September 21 had in-principle decided to end the colonial-era tradition of presenting the Union Budget on last day of February and advance it by about a month to help complete the legislative approval for the annual...

    12 Oct 2016, 2.38 pm  |  Source: PTI

  • Finmin officials to brief MPs on Budget reforms today

    Finmin officials to brief MPs on Budget reforms today  

    The Parliamentary Standing Committee on Finance headed by by former Union Minister and senior Congress leader M Veerappa Moily will deliberate on the Budget reforms.

    06 Oct 2016, 10.04 am  |  Source: PTI

  • Finance Ministry may talk to EC before finalising Budget date

    Finance Ministry may talk to EC before finalising Budget date  

    The elections in five states, he said, are likely to be held in phases and the government in no way wants any of them to clash with the Budgetary exercise.

    26 Sep 2016, 10.31 am  |  Source: PTI

  • Parliamentary panel to examine merger of Budgets

    Parliamentary panel to examine merger of Budgets  

    With the Cabinet's approving the merger of Railway Budget with General Budget, the parliamentary panel on finance has decided to 'examine' the move along with its "ramifications thereof".

    26 Sep 2016, 9.00 am  |  Source: PTI

  • Finance Ministry issues instructions for Budget 2017-18

    Finance Ministry issues instructions for Budget 2017-18  

    The instructions were issued following the Cabinet decision to merge rail and general Budgets, do away with distinction between plan and non-plan expenditure, and advance date of Budget presentation with a view to complete the ent...

    23 Sep 2016, 9.59 am  |  Source: PTI

  • Need for Kisan Budget as PM Modi govt not paying heed to farmers

    Need for Kisan Budget as PM Modi govt not paying heed to farmers  

    "They (farmers) fear that BJP government and Arun Jaitleyji will not give farmers their rightful share so I have asked the government to directly tell what it will do for the farmers next year", the Congress vice-president stresse...

    23 Sep 2016, 8.23 am  |  Source: PTI

  • `Merger of Budgets a step towards privatisation of Railways`

    'Merger of Budgets a step towards privatisation of Railways'  

    "The abolition of a separate railway budget is not what it is purported to be. It is a measure towards commercialisation and privatisation of the Indian Railways," CPI(M) Politburo said in a statement.

    22 Sep 2016, 4.31 pm  |  Source: PTI

  • FM Jaitley takes dig at Rahul`s demand for separate farm Budget

    FM Jaitley takes dig at Rahul's demand for separate farm Budget  

    At a press briefing, Jaitley announced that the Cabinet headed by Prime Minister Narendra Modi has decided to scrap nearly a century old practice of having a separate railway budget and merging it with general budget.

    22 Sep 2016, 10.12 am  |  Source: PTI

  • Budget overhaul: 2017 may be a breakout year for policy making

    Budget overhaul: 2017 may be a breakout year for policy making  

    The Cabinet decision to bring forward the presentation of the union Budget and merge the Railway budget with it, along with a likely roll-out of the Goods and Services Tax from April 1 next year, could well make 2017 a breakout ye...

    22 Sep 2016, 9.04 am  |  Source: Moneycontrol.com

  • ‘Merging Budgets will bring railways to center stage of policy’

    ‘Merging Budgets will bring railways to center stage of policy’   

    With plans to remove classification according to plan and non-plan expenditures, Shaktikanta Das says the government has already started conducting dry runs of a budget without plan and non-plan expenditures.

    22 Sep 2016, 8.33 am  |  Source: CNBC-TV18

  • Investments for rlys won`t go down after merger: Yashwant Sinha

    Investments for rlys won't go down after merger: Yashwant Sinha   

    Speaking to CNBC-TV18 Former Finance Minister Yashwant Sinha said the railways can’t be treated like any other department. "My own feeling is that the Finance Minister will have to grant a lot of autonomy to the Ministry of Rail...

    21 Sep 2016, 11.44 pm  |  Source: CNBC-TV18

  • Importance of railways goes away now: Former Rail Minister

    Importance of railways goes away now: Former Rail Minister   

    Dinesh Trivedi, Former Rail Minister, said: "If you don’t have a separate Budget for railways the importance for railways goes away. You don’t need a railway minister, merge it with surface transport."

    21 Sep 2016, 9.43 pm  |  Source: CNBC-TV18

  • Rlys won`t have to pay dividend under merged Budget: Fin Secy

    Rlys won't have to pay dividend under merged Budget: Fin Secy   

    Once the circular is issued Budget exercise will kick off, Finance Secretary Ashok Lavasa told CNBC-TV18. Under the contours of the merged Budget, gross budgetary support to Railways Ministry will continue, so will the commercial ...

    21 Sep 2016, 4.50 pm  |  Source: CNBC-TV18

  • On a single track: Rail, Union Budget merged

    On a single track: Rail, Union Budget merged   

    The 92-year-old habit of presenting a separate Railway Budget has finally come to an end. Railway Budget has been merged with Union Budget. The government has also advanced the date for Budget presentation and having just one head...

    21 Sep 2016, 4.41 pm  |  Source: Moneycontrol.com

  • Ending plan & non-plan expenditure: What does it mean?

    Ending plan & non-plan expenditure: What does it mean?  

    The government now plans to switch to a capital and revenue-spending classifications. This will help create a clear and effective link between the government’s earnings, spending and outcomes.

    21 Sep 2016, 3.00 pm  |  Source: Moneycontrol.com

  • 7 questions you wanted to ask about Rail, Union Budget merger

    7 questions you wanted to ask about Rail, Union Budget merger  

    The Finance Ministry on Wednesday accepted the NITI Aayog member Bibek Debroy-initiated and Railway Minister Suresh Prabhu-backed proposal to merge the Rail and General Budgets. Here’s a quick take on the benefits and drawbacks ...

    21 Sep 2016, 1.56 pm  |  Source: Moneycontrol.com

  • Budget 2016: Verdict on if it was historic will come in 10-15 yrs, says Sinha

    Budget 2016: Verdict on if it was historic will come in 10-15 yrs, says Sinha   

    The whole approach to public investment by building it up and supplementing it with off Budgetary resources is going to be viewed in history as something remarkable, said Minister of Finance (State) Jayant Sinha

    20 Jun 2016, 7.54 am  |  Source: CNBC-TV18

  • India`s fiscal prudence positive for bonds, says RBI Deputy

    India's fiscal prudence positive for bonds, says RBI Deputy  

    The Reserve Bank of India Deputy Governor HR Khan on Tuesday declined to comment on whether the Budget unveiled by Finance Minister Arun Jaitley on Monday would impact the RBI's monetary policy stance.

    20 Jun 2016, 7.54 am  |  Source: Reuters

  • Jewellers to go on 3-day pan-India strike from today

    Jewellers to go on 3-day pan-India strike from today  

    G V Sreedhar said gems and jewellery industry is disappointed with the government's apathy towards the sector with the proposal of re-imposition of 1 percent Excise Duty in the Budget 2016-17, presented on Monday by Finance Minist...

    20 Jun 2016, 7.54 am  |  Source: PTI

  • Govt considering partial rollback demands on proposed EPF tax

    Govt considering partial rollback demands on proposed EPF tax  

    A day after the 2016-17 Budget proposed taxing 60 percent of the withdrawal from Employee Provident Fund (EPF) on contributions to be made after April 1, the government was hard pressed to explain that the move was aimed at high-s...

    20 Jun 2016, 7.54 am  |  Source: PTI

  • MFs say lower deficit target will bring down cost of funds

    MFs say lower deficit target will bring down cost of funds  

    "The Budget signals a commitment to macroeconomic stability. This will also open up space for monetary easing in the near future which is positive for the market. Various measures for resolution of tax disputes will pave way for l...

    20 Jun 2016, 7.54 am  |  Source: PTI

  • Govt may get Rs 50,000cr in next spectrum auction: Credit Suisse

    Govt may get Rs 50,000cr in next spectrum auction: Credit Suisse  

    Union Budget 2016-17 has more than doubled receipt provision from communication services to Rs 98,994.93 crore.

    20 Jun 2016, 7.54 am  |  Source: PTI

  • Budget 2016 can help India grow at 8%: Shaktikanta Das

    Budget 2016 can help India grow at 8%: Shaktikanta Das   

    Talking about the Krishi Kalyan Cess, which loosely put means an increase in service tax, Economics Affairs secretary Shaktikanta Das says it was done because the government needed more resources to spend on infrastructure

    20 Jun 2016, 7.54 am  |  Source: CNBC-TV18

  • 2nd part of budget session to begin on Apr 25

    2nd part of budget session to begin on Apr 25  

    On the crucial GST bill that is pending in the Rajya Sabha, Naidu admitted that BJP did not have a majority in the House but expressed confidence of getting support from opposition, including the Congress on the passage of the cru...

    05 Apr 2016, 10.10 pm  |  Source: PTI

  • 5-fold hike in govt Budget for funding start-ups

    5-fold hike in govt Budget for funding start-ups  

    According to Ashutosh Sharma, Secretary, Department of Science and Technology (DST), in the 2016-17 financial year, it will provide seed capital to 50-80 new ventures with funding ranging from Rs 50 lakh to Rs 1 crore per company.

    17 Mar 2016, 3.38 pm  |  Source: PTI

  • Goa Budget will help in resumption of mining, feels industry

    Goa Budget will help in resumption of mining, feels industry  

    "Various fees and cess related to mining have been reduced considerably. This reduction, coupled with Export duty exemption (on ore) announced by the Central government will help in resuming mining activity in the state," Goa Cham...

    17 Mar 2016, 10.25 am  |  Source: PTI

  • Jewellers protest excise duty, shops shut for 15th day

    Jewellers protest excise duty, shops shut for 15th day  

    Striking associations in different parts of the country have decided to hold a protest rally in Ramlila Maidan here tomorrow against the proposal, said All India Sarafa Association Vice-President, Surinder Kumar Jain.

    16 Mar 2016, 4.55 pm  |  Source: PTI

  • Oppn slams Budget, says it presents `half-baked truth`

    Oppn slams Budget, says it presents 'half-baked truth'  

    Participating in a debate on the Budget 2016-17, Tariq Anwar (NCP) targeted Prime Minister Narendra Modi for giving full marks to it, saying he was acting as an examinee as well as examiner himself.

    14 Mar 2016, 5.12 pm  |  Source: PTI

  • FinMin, RBI to meet on March 18 to decide FY17 borrowing

    FinMin, RBI to meet on March 18 to decide FY17 borrowing  

    In the Budget, the government has pegged gross market borrowing at Rs 6 lakh crore, up from Rs 5.8 lakh crore in the ongoing fiscal. Gross borrowing includes repayments of past loans and interests.

    11 Mar 2016, 2.52 pm  |  Source: PTI

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